Property taxes revenues would go up two percent under the 2019-2020 budget approved by the Scottsbluff School Board this week, due to a similar increase in property valuations in the school district.
The Board approved a mil levy rate of $1.31, the same as last year, with the higher valuations to bring in $20.6 million from property taxes, an increase of about $320,000.
Board President Bob Kinsey telling KNEB News the overall budget will be up by about $2.6 million, primarily due to state aid and conservative fund management as the district tries to save money for the depreciation fund. “We know all our elementary buildings are going to need updating, and we don’t have the resources, nor does the community doesn’t have the resources, to have a third bond issue to address the aging elementary buildings,” says Kinsey. “So we’re trying to save money so we can address things like as replacing furniture, ceiling repair and general cosmetics, plus HVAC and electrical consumption.”
Of the nearly $55.5 million dollar budget, just under $47.2 million will go to the general fund for operations, up by 5%, with the balance for bonds and other special building funds. Bond payments would be nearly $4 million, with budgets for the special building fund at $2.4 million and and the qualified capital purpose undertaking fund receiving just over $1.9 million.
Kinsey says district officials were mindful of the area economy during budget development, and worked to stay within statutory limits imposed by the state.